Highlights
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Highly positive preliminary feasibility study for 10,000tpa Silumina AnodesTM project
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Low capital cost (US$95 million) with outstanding economics
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Pre-tax Net Present Value (NPV8) of US$507 million
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Attractive Internal Rate of Return (IRR) of 40%
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Site in Saxony, Germany already purchased
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Green accredited project using renewable energy
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European high quality graphite and silicon supply
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Pilot plant engineering for product qualification underway
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NDA executed with two German automakers and one European battery maker
Altech Chemicals Limited (Altech/the Company) (ASX: ATC) (FRA: A3Y) is pleased to announce the outstanding results from a Preliminary Feasibility Study (PFS) for the development of a 10,000tpa silicon/graphite alumina coating plant, in Saxony, Germany. The plant would be constructed by Altech Industries Germany GmbH (AIG), (ownership: 75% Altech, 25% Frankfurt stock exchange listed Altech Advanced Materials AG (AAM)), and would produce high capacity silicon/graphite battery anode materials “Silumina AnodesTM” under exclusive license from Altech. Silumina AnodesTM products are targeted to supply the burgeoning European electric vehicle market.
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